Updated
LUNA/USD
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play; you'll see that the minor cycle wave (5) top reached sooner than expected. Which is the current wave (3) top and we've finished the wave (4) retracement. Luna should be working on the last impulse wave (5) and the chart should look like the new one after adjusting the wave counts.
Link to previous chart:
If you press play; you'll see that the minor cycle wave (5) top reached sooner than expected. Which is the current wave (3) top and we've finished the wave (4) retracement. Luna should be working on the last impulse wave (5) and the chart should look like the new one after adjusting the wave counts.
Trade active
The new chart is a bit off. If you look at it the wave (3) it is shorter than first wave (1) and last wave (5). That doesn't mean that my chart is off, but the timeline of wave (5) might come sooner than what is shown to make this chart look more accurate. On the chart below, you'll see that this last impulse wave (5) is actually a minor wave (3) of a bigger cycle so the blue elliot wave is the one to watch out for. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.